Public Management

Côte d'Ivoire: Govt increases defense budget by 7% for 2022

Côte d'Ivoire: Govt increases defense budget by 7% for 2022
Friday, 19 November 2021 17:23

The Ivorian government sets plans to increase its defense investment next year. To address the growing terrorist activity in the country, Côte d'Ivoire will invest $651 million (CFA378 milliards) in 2022. This is $43 million more than the amount invested this year (+7%).

The 2022 defense expenditure represents about 3% of the total state budget of $17 billion proposed by the government for next year. Recently, Côte d'Ivoire has been experiencing security issues, particularly on its border with Burkina Faso, which has been under increasing attack by jihadist groups since June 2020. These attacks have already claimed the lives of nearly twenty Ivorian defense and security forces.

Sharing a border with Burkina Faso, which is one of the hotbeds of terrorism in West Africa, Côte d'Ivoire has undertaken several initiatives to deal with the growing threat since the attacks of Grand-Bassam in 2016. The country recently created an International Academy for Counter-Terrorism (AILCT) to better equip the army. Just over a week ago, the government also announced the acquisition of two aircrafts to strengthen border surveillance.

Jean-Marc Gogbeu, intern

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Bank of Africa proposes 1.091 billion dirham capital increase via bonus shares Board also suggests higher dividend of 5 dirhams per share Strong 2025...
BRVM plans first ETFs and derivatives on UEMOA market Delegation visits Nigeria’s NGX to learn from its experience Move aims to boost liquidity,...
BCEAO launches CEMSTRAT banking programmes with COFEB and HEC Paris AI boosts banking efficiency but increases cybersecurity risks, experts warn Banks...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct deposits, improving efficiency and product...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
04

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
05

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.